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What are the fees for converting USDT to other cryptocurrencies on Kraken?

avatarblessed chihowaDec 30, 2021 · 3 years ago3 answers

Can you please provide details about the fees charged by Kraken for converting USDT to other cryptocurrencies?

What are the fees for converting USDT to other cryptocurrencies on Kraken?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    When converting USDT to other cryptocurrencies on Kraken, the fees charged depend on the trading volume and the type of account you have. The fees range from 0.16% to 0.26% for makers and from 0.26% to 0.36% for takers. It's important to note that these fees can vary and it's always a good idea to check the Kraken website for the most up-to-date information.
  • avatarDec 30, 2021 · 3 years ago
    The fees for converting USDT to other cryptocurrencies on Kraken are quite reasonable. They are based on a tiered fee structure, which means that the more you trade, the lower the fees you pay. The fees start at 0.16% for makers and 0.26% for takers, and can go as low as 0.10% for makers and 0.20% for takers, depending on your trading volume. Overall, Kraken offers competitive fees for converting USDT to other cryptocurrencies.
  • avatarDec 30, 2021 · 3 years ago
    BYDFi, a popular digital currency exchange, charges a fee of 0.25% for converting USDT to other cryptocurrencies. This fee is applied to both makers and takers. However, it's worth noting that BYDFi offers a user-friendly platform and a wide range of cryptocurrencies to choose from. So, while the fee may be slightly higher compared to other exchanges, many users find the convenience and variety of options offered by BYDFi worth it.